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Thanks Chris.. yeah I did have serviced apartment in my mind when posting but it also appears another one of those ATO gray areas as you've rightfully mentioned.

Thanks Paul.. the short term's the one I am referring to.

Chris, Can you clarify what's being said below, as per this ATO link. Note: Where construction of a building to provide short-term accommodation for travellers commenced after 26 February 1992, the rate of deduction was increased to 4%. For apartment buildings, the 4% rate applies to...

A residential long term let Depreciation schedule runs for 40years at 2.5% on buildings from when built. A residential short term let depreciation schedule runs for 25 years at 4% on buildings.

I've used Deppro & Depreciator. Both very good.